IGI Logo

Market Summary:

* Indian markets closed on a negative note where selling was mainly seen in Automobile, Cement, Banking sectors. Nifty March Future closed at 16505.6 (down 107.85 points) at a premium of 7.55 pts to spot.

* FIIs were net sellers in Cash to the tune of 6645 Cr and were net sellers in index futures to the tune of 711.78 Cr.

* India VIX decreased by 3.68% to close at 28.16 touching an intraday high of 29.23.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 16500, 16400, 16100 strike Puts and at 16700, 16600, 16500 strike Calls indicating market is likely to remain bearish in the near term.

* Highest OI build-up is seen at 17000 strike Call and 16500 strike Put, to the tune of 10.77mn and 13.08mn respectively.

Outlook on Nifty:

* Index is likely to open on a gap down note today and is likely to remain cautious during the day.

To Read Complete Report & Disclaimer Click Here
 

Please refer disclaimer at https://investmentguruindia.com/Disclaimer/nirmal.html

SEBI Registration number is INH000001766

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer